Video tour
$10,000 Closing Credit¹
#TB8324930, Kathryn Larkin, Listing Office: CENTURY 21 RE CHAMPIONS
$1,200,000 List price
5407 29th Ave S Gulfport, FL 33707
$10,000
Closing credit¹
6 beds
4 baths
3,207 sqft
0.2 acres
$374 / sqft
Multi-Family
Property details
About 5407 29th Ave S
RARE GULFPORT FLOOD ZONE X INCOME-PRODUCING SINGLE FAMILY HOMES (3) ZONED FOR LEGAL NIGHTLY RENTALS IN THE GULFPORT WATERFRONT REDEVELOPMENT DISTRICT | Exceptional Income-Producing Opportunity in Gulfport's Thriving Downtown This rare triple-bungalow property in the heart of vibrant downtown Gulfport, Florida, represents an exceptional investment opportunity. Generating an impressive annual rental income, these three charming bungalows are poised to deliver strong cash flow and long-term appreciation.Each bungalow which is a stand-alone structure x 3 is fully licensed for nightly rentals, an invaluable asset in this vibrant vacation destination. The three bungalows include a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Ideally situated just steps from Gulfport's finest dining, shops, beach, marina, and entertainment, the property provides an unbeatable location for short-term guests seeking the authentic charm of this coastal town.With a combined total of six bedrooms and four bathrooms spread across the three units, the layout accommodates large groups and families comfortably. And with the properties being sold fully furnished, including all indoor and outdoor furnishings, this truly is a turnkey investment ready to generate income immediately. Also, for a value-add play, there is a wonderful opportunity to remodel and revamp the vibe to increase total rental income.Boasting classic bungalow architecture, in-unit laundry, and spacious outdoor amenities like a large courtyard, off-street parking, and lush landscaping, these meticulously maintained properties offer the historic character and modern conveniences that today's discerning travelers demand. Own knowing you have security in Flood Zone X which remained high and dry even during these last 2 storms of 2024. This investment is primed to capitalize on Gulfport's thriving vacation rental market. Don't miss this exceptional opportunity to own a highly profitable, low-maintenance portfolio of income-producing properties in one of Florida's most desirable coastal destinations.
Highlights
Home typeTriplex
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size3,207 sqft
Lot size0.22 Acres
Year built1940
ParkingAssigned, Driveway, Guest, Off Street, Open
MLS #TB8323293
ViewCity
Virtual tour
Summary
- MLS Number: TB8323293
- MLS Name: MFRMLS
- Office Name: ENGEL & VOLKERS ST. PETE
- Office Phone: (727) 295-0000
- Listing Agent: Leisa Mohler-Erickson
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/9/2025, 11:49:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,200,000
5407 29th Ave S
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 03, 2018 | Home Sold | $625,000 |
| Aug 27, 2004 | Home Sold | $260,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $550,000 | $9,579 |
| 2022 | $512,500 | $8,992 |
| 2021 | $485,000 | $8,992 |
| 2020 | $457,500 | $8,926 |
| 2019 | $440,000 | $8,290 |
| 2018 | $195,887 | $3,928 |
| 2017 | $201,812 | $3,603 |
History based on county public records data.
Nearby schools
4
Gulfport Elementary
Public Magnet KG-5
0.7 mi
•2014 52nd St S
6
Bear Creek Elementary
Public District PK-5
1.9 mi
•350 61st St S
2
Fairmount Park Elementary
Public District PK-5
1.9 mi
•575 41st St S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,596. The majority of Gulfport, FL residents have income less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
48%
<35k
36%
35k-100k
15%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
75%
Single, No Kids
8%
Single, with Kids
14%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
3%
12-17 yrs old
17%
18-34 yrs old
58%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Boxing
Horse Races
Where do the neighbors shop?
Chico's
Family Dollar
Burlington
Where do the neighbors go to eat?
Bob Evans
Church's Chicken
Popeyes
What do the neighbors drive?
Oldsmobile
Cadillac
Dodge
What do the neighbors listen to?
News
Jazz
Urban Contemporary
All data provided by Home Junction and Claritas
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This home is located at 5407 29th Ave S in Gulfport, FL and zip code 33707. This 3,207 square foot home, which was built in 1940, sits on a 0.22 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,200,000.
In February 2025 more than 3 listings in Gulfport, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 26 were sold below. In February 2025 in Gulfport, FL there were 7.3% more homes for sale than in January. The median list price of listings available in February 2025 was $405,000, while the average time on the real estate market was 68 days.
From Rocket Homes Real Estate and based on county public records data.